Question: I'm confused on how to solve this in excel using the formulas. I do not understand how to get the interest payments. You just took

I'm confused on how to solve this in excel using the formulas. I do not understand how to get the interest payments.

You just took a $30,000, 10-year loan. Payments at the end of each year are flat (equal in every year) at an interest rate of 13%)

How much is your payment at the end of each year? Calculate the appropriate loan table, showing the breakdown in each year between principal and interest. I need a detailed answer by using EXCEL. I need to see the excel functions for each steps.

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